Comment Re:I have a better idea... (Score 1) 649
It wasn't ever about the amount of money in the various accounts. It was about the services these banks performed for other banks. If those large banks failed, then the credit card processing they did for other banks would fail. The check clearing they did for other banks would fail. The funds clearing they did for other banks would fail. The cash transport they did for other banks would fail.
Yep. There was no way they could have kept their computers switched on without a bailout.